More than $120 billion was spent on health goods and services in Australia last year, according to a new report.

The Australian Institute of Health and Welfare (AIHW) found that an average of almost $5,500 per person was spent by governments, health insurance companies and individuals on all aspects health in 2009-10 - including hospital funding, research, dental work and prescriptions.

Stress caused by financial circumstances is taking an increasing toll on families, particularly when it comes to their health.

The Wesley Mission reports that more than a third of people in NSW - 850,000 households - are affected by financial stress, with the number of those "very worried" about the future doubling in the past five years. Money woes